Harris Communications has buyer for broadcast communications business

The parent company of Harris RF Communications has found a buyer for its broadcast communications business.

Harris Corp. said Thursday that it had struck a deal with investment firm Gores Group LLC, which will pay $225 million for the business. The transaction is expected to close in early 2013. Harris' broadcast arm makes analog and digital television and radio transmission systems for broadcast and mobile television applications, as well as hardware and software products for used in retail, hospitality and sporting and live events. Florida-based Harris announced plans to sell its broadcast communications business in May.

Harris shares closed Thursday at $48.03, up 5 cents or a fraction of a percent.